As we all know, Kaspa is a blockchain technology, and KAS coin is the token of this technology project. Why are they so passionately pursued by cryptocurrency enthusiasts worldwide?
Traditional cryptocurrencies like Bitcoin and Ethereum suffer from three significant problems — security, scalability, and decentralization. Kaspa solves these trilemma issues effectively by utilizing blockDAG architecture and GhostDAG protocol. Conventional cryptocurrencies should limit their block creation time to limit orphans. A high orphan rate decreases the defense of the network, compromising security. Kaspa solves this by using the GhostDAG protocol that incorporates Nakamato’s chain into a directed acyclic graph of blocks called blockDAG. GhostDAG protocol enables Kaspa to outdo traditional cryptocurrencies by improving the block rate and enhancing security. That improves Kaspa by 51% in security and throughput on the order of one block per second.
It can be said that, Kaspa is the fastest, most scalable, open source, decentralized, and instant confirmation transaction layer backed by a Proof-of-Work (PoW) consensus mechanism. Moreover, Kaspa is currently undergoing a language rewrite to increase the number of blocks per second. That, in return, will attract the development of smart contracts and DeFi (Decentralized Finance).
The vision promised by the Kaspa project has real-world applications and is being realized step by step, and that provides observers and followers with great confidence to continue participating. KAS coin, as Kaspa’s token, is a new type of cryptocurrency based on the PoW mechanism and the KHeavyHash algorithm. It comes with all the features of Bitcoin, such as deflation, decentralization, and no pre-mining. Kaspa transactions are as secure as Bitcoin transactions, and they charge lower transaction gas fees. KAS coin, considered by some believers as the “next Bitcoin” or the “Platinum Bitcoin,” launched in November 2021. With its market value soaring, it has created numerous fortunes for miners. Many KAS miners have been personally served by BITMARS and have witnessed how they rapidly created wealth miracles.
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Finally, BITMARS would like to remind everyone that all investments carry risks, so decisions should be made cautiously.
The above information has been compiled by BITMARS for our mining friends. BITMARS is a globally renowned crypto miner trading company. We provide comprehensive, professional, timely, and cost-effective miner purchasing and hosting services to maximize your wealth!
